Analyze and comment about RCA of Vietnam based on data from Trade Map in 2012. Contents Introduce about RCA Analyse of some VN’s industries Evaluation of statistics Case study of Rice: RCA of Vietnam Rice in comparision with Thailand Introduction Coefficient of Revealed Comparative Advantage (RCA). • Represent comparative advantage or disadvantage of a certain country in a certain goods or services. • It is based on the Ricardian comparative advantage concept. EX1 : Export value of commodity
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Fair Trade. I don’t think that knowing about the origins of the product is important. When I go out to a store and buy something‚ sometimes I look and care what it’s made of‚ but not every time. For instance when I buy food and stuff like that‚ I often just like closely at the food I buy. How delicious it looks and what condition it’s in. When I buy clothes I want to know where it’s from and “how” it’s made. Once I bought a cap from a site that sells clothes‚ caps and boots on the internet.
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International trade is the trade carried out by residents of a country with a population of other countries on the basis of mutual agreement. The society consists of individuals with a bias toward individuals‚ individuals with Government or one Government with intergovernmental as well other Government that is out of the country. Keep in the know in some countries that use a lot of international trade to increase GDP. Every country has its own policies to protect their domestic economies from the negative
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American Free Trade Agreement‚ one of the largest free trade areas‚ which in 1994 established a free-trade zone between the US‚ Canada‚ and Mexico. NAFTA passed with some important negotiations to protect the environment and labor standards. In 2001‚ President Bush organized the proposal of expanding NAFTA to a Free Trade Area for the Americas‚ surrounding 34 countries and 800 million people by 2005. President Obama continues to push for expansion to CAFTA known as Central America Free Trade Agreement
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The GATT years: from Havana to Marrakesh The creation of WTO marked a big and important change in the international trade and represented one of the biggest reforms after the Second World War.It aimed to regulate the international trade in the most suitable and fair manner for all the countries members. Much of the history of those 47 years was written in Geneva. But it also traces a journey that spanned the continents‚ from that hesitant start in 1948 in Havana (Cuba)‚ via Annecy (France)‚ Torquay
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International trade is the exchange of capital‚ goods‚ and services across international borders or territories. Import – the purchase of good or service from another country. Export – the sale of goods or service to another country. We normally think of goods being shipped between countries‚ but for services that is not necessarily true. Goods( visible):manufacturing‚ mining‚ agricult.products. Services (invisible): banking‚ tourism‚ education‚ construction. Travel and tourism are large categories
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TEST REVISION FREE TRADE Free trade exists between nations when all obstacles to trade such as tariffs are removes Free trade occurs because of differences in the quantity and quality of resources COMPERATIVE ADVANTAGE The advantage one country has over another in the production of a particular good or service. A country has a comparative advantage if it can produce a product at a lower opportunity cost than its trading partner. AUSTRALIA KEY EXPORTS Mining- Iron Ores‚ Coal‚ Gold‚ Natural
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change and continuity. One continuity is simply trade‚ for this 1‚100 years the Indian Ocean was an important trading zone. One change in Indian Ocean trade over those years was which country dominated trade there. Over those years the Indian Ocean was controlled by the Indians‚ the Arabs‚ the Chinese‚ and last but not least the Europeans. There was continuity and change in trade in the Indian Ocean over the aforementioned years. In the Indian Ocean from 650 C.E. and 1750 C.E. there have been many
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fashion. The economic theory of wages is‚ therefore‚ of little use in explaining wage differentials. Assess this argument. Intro: Labor market supply and demand‚ wage determination‚ wage differentials general‚ ECONOMIC THEORY OF WAGES P1: production of luxury goods vs. other normal/inferior/Giffen/Veblen goods. Demand for this good influenced by fashion and social factors (not necessity/ income as for the other goods) help determine what might be charged for product P2: how demand for a good can impact
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MARKET AND DEMAND ANALYSIS | In most cases‚ the first step in project analysis is to estimate the potential size of the market for the product proposed to be manufactured and get an idea about the market share that is likely to be captured. To make an idea about these things an in depth study and assessment of various factors like patterns of consumption growth‚ income and price elasticity of demand‚ composition of the market‚ nature of competition‚ availability of substitutes‚ reach of distribution
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